corporate prs slides - july 2014 pdf
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8/10/2019 Corporate PRS Slides - July 2014 PDF
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CIMB A M B ()
J 2014
u ng a e remen - ea yWorkforce
Plan with us now.
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C
E
1 & I
2 B E
3 B E
4 C A
5 I
A
D
2
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M : C
Self employed ,
2.0m
Public service,
1.3m
Employed -
Others, 9.8m
Unemployed,15.4m
Some drawbacks also prevail
Insufficient coverage: 2-3million self- employed/ informal
industryHigh leakage (housing loans,medical etc.)
Inadequate savings: most
3
Whilst EPF is a successful model
Comprehensive coverage foremployed sector High mandatory contribution rate Consistent dividend/returns
EPF members exhaust theirlump sums within 3-5 years
Long life expectancy of 80years and beyond
Source: Department of Statistics Malaysia; EPF Annual Report
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EF
( ) 2012
It is r C (C) & A ( A)
EF
M
G 2.5% N
M
F
C
N
N I I
:
A 2
:
1 A B 30% 8%
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I : D L M
80
100
%
Income replacement ratio: % of income required by a retiree to maintain a desired standard of living during the
retirement years a successful retirement plan requires 2/3 of employees to have a ratio of 75%.
70% is the idealincome replacementratio
Malaysians with a 30-year working tenure will generate only a
: ., '' , F 2009.
0
20
40
60
20 25 30 35
I
C
M
income replacement ratio from EPF of 30% - 40% at retirement.
There is a gap of 40% that needs to be funded either from theemployer and/or the employee or by extending the workinglife.
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EF: D A
Average EPF savings achieved by an active member at age 54 is RM166,650*
A
M
E
F
EF
M3,000 4.6
M4,000 3.5
M5,000 2.8
Reliance on EPF will provide memberwith RM 926* per month to spend
until retirement*Slightly above the poverty line of RM800
75 **60
YEARS IN
RETIREMENT
\Source: The EPF Annual Report, 2013
** Source: The Department of Statistics 2013
OR
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1 F & I
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B ACCONA
B ACCONB
A B (30%)
:
A 1
: D
M
L
, 8%
M
8
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For Your Young Employees: RM500 PRS Youth Incentive
M D N (25 2013)
. ,
.
M210 ,
M500 20 30 1 J 2014.
5 2014 2018 420,000 .
Were young butwere retirement-
ready!
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I M500
E ( 2014 2018)
G CN A
For Malaysians only
20 years
< 31
years
At the time the member reachesthe minimum gross contributionof RM1,000 within a calendar
year*
RM1,000 in a singlefund of a PRS
Provider
*Please ensure contribution at least 1 month before 31stbirthda to allow a lication to be rocessed in time to
C M E CA M
NewPRS Member
ExistingPRS Member
Lump SumRM1,000
MonthlyContributions
RM83.34 x 12month
OR
Employercontributions are
excluded from thisincentive programOR
RM500 contribution is only paid ifthe youth has saved RM1,000within a calendar year.
be eligible for the RM500 incentive.
Source: Private Pension Administrator website 10
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2B E
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E H ?
A 19%
*
H
A
C EF
EF
C
E
C E
* 19% EF
M B
M
12
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3B E
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B E
( M50)
E M3,000 10 *
A . C
1
F
Assuming you do not contribute to deferred annuities, contributing to PRS PLUS can grant tax relief of up to RM3K p.a. on acontinuous basis for a period of 10 years from year of assessment 2012
3% ,
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C M E
O
M3K*
Salary Deduction: any amount subject to min of RM50 per month will be deducted monthly
15
amoun can e rev se upwar s
Cheque/bank draft:can issue cheque/bank draft in addition to salary deduction onad-hoc basis, anytime
Direct Debit:
*Assuming you do not contribute to deferred annuities, contributing to PRS PLUS can grant taxrelief of up to RM3K p.a. on a continuous basis for a period of 10 years from year of assessment2012
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4
A?
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C A
L F C 5 5 I 4
BF 1
B
.
40% J FG FG , F500
E I
13
M F
F
CAM .
A L
A
D
CAM M50.00
.
M50 10
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5
I O
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AGE OION
C I
F C
19
80% , 20%
CIMB
CIMB I
CONEAIE
50
40% , 60%
CIMB
CIMB I
MODEAE
40 < 50
30% , 70%
CIMB
CIMB I
GOH
< 40
,
.
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F
C F I F
CIMB C CIMB I C
CIMB M CIMB I M
CHOICEOION
C
,
.. A
O
M F
F
C
,
.. A
O
CIMB EE 70% 99.8%
CIMB I ECIMB I DALI E G M. 95%
CIMB A EJ ECIMB A D I
M.95%
CIMB I A EJ ECIMB I A E M. 95%
17
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C E I E
M 100 M 36,000
30 M100
200 M 48,000
40 M200
M 400 M 48,000
50 M400
21
A
= M 100,452 (6%)
= M 349,496 (12%)
= M 1,110,041 (17%)
A
= M 92,408 (6%)
= M 197,851 (12%)
= M 398,932 (17%)
A
= M 65,552 (6%)
= M 92,015 (12%)
= M 124,490 (17%)
F I O:
E = 6 % , 12% 17% .
= 60
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Sarah
C 10%
C
$180,679
A EAL IME I MONE
AKE ACION
$35,000, 3.5% , 10% 7%
, . E 4.5
. .
. I . . .
John
10
10%
C
$139,619
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LOOKED A ANOHE A
AKE ACION I 1 I 2
12345
6789
101112
$2,000$2,000$2,000$2,000$2,000
$2,000$2,000$2,000$2,000$2,000
$0$0
$0$0$0$0$0
$0$0$0$0$0
$2,000$2,000
141516171819202122
2324252627282930
$0$0$0$0$0$0$0$0$0
$0$0$0$0$0$0$0$0
,$2,000$2,000$2,000$2,000$2,000$2,000$2,000$2,000$2,000
$2,000$2,000$2,000$2,000$2,000$2,000$2,000$2,000
I
E
$20,000
$145,845
$40,000
$98,845
$2,000 8% . .
.
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E: 1
PRS Ambassador
A
OM
C
Power to influence anddrive change amongMalaysians, towards:
Financial Literacy and
Security
Navigate Shift Toward Eraof Personal Responsibility
Shape employees goldenyears
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HO CAN O BE A ONG AMBAADO?
B ! , ,
LNG A.
OF CHOICE
E .
C !
.
.
G L
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6
F
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C 3%
A O F CIMB M 40
A O F A M 10
CIMB A M 1.40%
0.04%
A F A (A) 0.04%
B
CIMB
A F
1.48% +
M8
F
( & ) M 8
F M75 ( CIMB)
( ) M25 ( A)
F ( ) M25 + 8%
O F
27
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D
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D
F ' .
D D C M (C):
CIMB D D 12 N 2012
CIMB I D D (C ) 12 N 2012
D D
D D . A D D D D,
. D D CIMB A
M B .
. .
, , .
29
.
:
CIMB C(I F , / , .)
CIMB M(I F , / ,
, , , /.)
CIMB G(I F , / ,
, , , /.) CIMB E(I F ,
, /, .)
CIMB A E J E (I F F C . F , / ,
, , , ,
.)
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D
CIMB I C(I F , / , *, .)
CIMB I M(I F , / ,
*, , , , /
.)
CIMB I G(I F , / , *, , , , /
.)
CIMB I E(I F F C . F .
CIMB I A E J E(I F F C . F , , ,
, / . )
* . I
.
* ,
. A , . E F
,
F.
30
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